June 4, 2018

Slow Speed Threatens Blockchain Future

Scalability problems threaten blockchain’s future, according to Condusiv Technologies. Bitcoin processes three to four transaction per second while Visa handles more than 56,000. Here’s another report with similar results. Condusiv sells technology to speed database performance.

Ternio says it has a blockchain that runs more than one million transactions per second. They have an independent audit to prove it but no commercial product. That will start to change in July when they begin trials of a blockchain-based programmatic ad exchange.

Since we’re on the topic, let’s finish with a blockchain-based loyalty protocol from a company called Loyela. It lets merchants reward consumers with transferable tokens. Still in the pilot stage and an initial coin offering is planned for September.

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